London copper prices climbed to their highest levels in nearly a week on Monday, boosted by a weaker U.S. dollar and improved demand from China.
Three-month copper on the London Metal Exchange rose 0.2% to $8,884.50 a tonne by 0728 GMT, having hit $8,950 a tonne earlier in the session, its highest since March 7.
The dollar sank as U.S. authorities stepped in to cap the fallout from the sudden collapse of Silicon Valley Bank (SVB), which led investors to speculate that the Federal Reserve would now be reluctant to rock the boat by hiking interest rates by a super-sized 50 basis points this month.
Jubilee Metals Group plc (LON:JLP) is a diversified metal recovery business with a world-class portfolio of projects in South Africa and Zambia. The Company’s expanding multi-project portfolio across South Africa and Zambia provides exposure to a broad commodity basket including Platinum Group Metals, chrome, lead, zinc, vanadium, copper and cobalt.